Intraday (intraday trading)

All Forex trading, based on the duration of trades, can be divided into three main types: intraday trading, medium-term trading, and swing trading.

Intraday trading is trading exclusively within a single 24-hour period, whereby orders are opened and closed on the same calendar date. In this type of trading, all positions are opened and closed within the same 24-hour period, and their duration can range from 1 minute to 23.59 hours.

Choosing this trading option provides the trader with many undeniable advantages -

• No need to pay swap for rolling a position over to the next date.
• The ability to take advantage of a large leverage and significantly increase trading volumes, and with them the profit received.
• Constant monitoring of the status of transactions and the situation on the forex market.

Despite the fact that Intraday is already considered short-term forex trading, even within this strategy there is a division into separate options.

1. Scalping or pipsing - these are the two shortest options for short-term trading, the duration of transactions with scalping rarely exceeds 15 minutes, and pipsing is carried out on ticks.

Thanks to this strategy, it becomes possible to earn even with a small deposit, so to speak, "Go all-in". At the same time, not only the risk of transactions increases immeasurably, but also the amount of earnings, which sometimes exceeds the initial amount on the trader's deposit by more than 1000 times.

Pipsing is performed both with and against the main trend, as the direction of the underlying trend is completely irrelevant in this case due to the extremely short duration of trades.

Earnings from a single trade do not exceed 3-8 pips, but this is offset by the use of significant leverage ranging from 1:200 to 1:500.

2. Trading on M30 and H1 – these are essentially the most optimal timeframes for intraday trading, as these timeframes still allow for high Forex leverage of 1:50 or 1:100, but trading itself becomes more stable and predictable.

Earnings here increase to 10-20 pips per trade, while the risk of losses is significantly reduced.

3. Trading within a single session – a strategy of trading within a single Forex trading session . This approach is typically used when trading news, as this strategy depends on which forex session is being traded.

The duration of a single trade in this case is limited only by the current trend and the end of the day, as day traders typically don't leave open positions to carry over to the next day.

Intraday Forex trading is an excellent training ground for beginning traders. It eliminates the need for long-term forecasts and calculating interest rate differentials, and significantly reduces the minimum deposit requirements for real profits.